Jacor: Stockholders Approve Merger


Contact:  Pam Taylor
          606.655.6523         


                JACOR STOCKHOLDERS APPROVE MERGER WITH
                    CLEAR CHANNEL COMMUNICATIONS

COVINGTON, KY March 26, 1999: Jacor Communications, Inc. (Nasdaq: JCOR)
stockholders today voted to approve the company's pending merger with Clear
Channel Communications, Inc. (NYSE: CCU) of San Antonio, Texas.  The merger was
overwhelmingly approved by 99.9% of the shares voted.  The merger, announced in
October 1998, will create the country's second largest radio company in terms
of radio stations, the third largest in terms of total radio revenue and one of
the world's largest out-of-home advertising companies.  

At the effective time of the merger, Jacor stockholders will receive shares of
Clear Channel common stock in exchange for their shares of Jacor common stock. 
As detailed in Jacor's publicly available filings with the Securities and
Exchange Commission, the ratio to determine the number of Clear Channel shares
to be exchanged for each outstanding share of Jacor common stock will be
calculated based on the average closing price of Clear Channel common stock
during the 25 consecutive trading days ending two trading days prior to the
completion of the merger.  The exchange ratio will vary with the average
closing price of Clear Channel common stock during this period.  As a result,
the number of Clear Channel shares that the Jacor stockholders will receive
will generally increase if the average closing price of the Clear Channel
shares decreases, and vice-versa.

The average closing price of Clear Channel common stock as quoted on the NYSE
during the 25 consecutive trading days ending March 25, 1999 is $61.53 per
share and the closing price of the common stock on the NYSE on March 25, 1999
was $63.8125 per share.  Assuming the average closing price at the time of the
merger is the same as at March 25, 1999, the exchange ratio would be 1.224, and
we would convert each share of Jacor common stock into 1.224 shares of Clear
Channel common stock.  Based on this exchange ratio and assuming that the
market value of Clear Channel common stock at the completion of the merger is
equal to the closing price on March 25, 1999, Jacor stockholders would receive
merger consideration valued at approximately $78.08 for each share of Jacor
common stock.

The merger must still be approved by the Federal Communications Commission and
the Department of Justice.  Also, the Clear Channel stockholders must approve
the issuance of shares of Clear Channel common stock in the merger.  Clear
Channel's stockholders are scheduled to vote upon these matters at 4:00 p.m.
Central Time today, Friday, March 26, 1999.

Jacor is the nation's second largest radio company measured by total stations. 
Including announced pending acquisitions, Jacor now owns, operates or
represents 240 radio stations in 61 markets along with WKRC-TV in Cincinnati. 
Additionally, Jacor and its wholly owned subsidiary Premiere Radio Networks
combine to form the third largest provider of syndicated radio programming in
the country, syndicating the nation's leading radio talk shows which include
The Rush Limbaugh Show, The Dr. Laura Schlessinger Show, Dr. Dean Edell and Art
Bell's overnight programs, "Dreamland" and "Coast to Coast."  Jacor also owns
NSN Network Services, a satellite systems integration company that provides
design, communications technology and support to establish and maintain global
satellite connectivity to companies worldwide.  Jacor plans to pursue growth
through continued acquisitions of complementary radio stations in existing
broadcast locations, and radio groups or individual stations with significant
presence in other attractive domestic and international locations. 
Additionally, Jacor plans to grow in other broadcast related products and
businesses.

 Visit www.jacor.com and www.cfonews.com/jcor/ for more information on Jacor





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